Kentucky Retirement Systems Insurance Trust Fund Sells 2,417 Shares of Halliburton (NYSE:HAL)

Kentucky Retirement Systems Insurance Trust Fund reduced its holdings in shares of Halliburton (NYSE:HAL) by 8.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,138 shares of the oilfield services company’s stock after selling 2,417 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Halliburton were worth $759,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of HAL. Price T Rowe Associates Inc. MD increased its holdings in shares of Halliburton by 46.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 61,090,055 shares of the oilfield services company’s stock worth $2,408,171,000 after buying an additional 19,237,784 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Halliburton by 17,317.6% in the 2nd quarter. Pacer Advisors Inc. now owns 13,631,188 shares of the oilfield services company’s stock worth $460,462,000 after purchasing an additional 13,552,927 shares in the last quarter. LSV Asset Management increased its holdings in Halliburton by 24,954.1% in the 2nd quarter. LSV Asset Management now owns 2,730,900 shares of the oilfield services company’s stock worth $92,250,000 after purchasing an additional 2,720,000 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Halliburton by 20.0% in the second quarter. Dimensional Fund Advisors LP now owns 10,087,115 shares of the oilfield services company’s stock valued at $340,752,000 after purchasing an additional 1,681,620 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Halliburton by 127.2% during the second quarter. AQR Capital Management LLC now owns 1,557,130 shares of the oilfield services company’s stock valued at $52,600,000 after purchasing an additional 871,789 shares in the last quarter. 85.23% of the stock is owned by institutional investors and hedge funds.

Halliburton Price Performance

HAL stock opened at $30.45 on Tuesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.21 and a quick ratio of 1.62. The company’s 50-day moving average is $29.18 and its 200-day moving average is $32.12. The stock has a market capitalization of $26.75 billion, a PE ratio of 10.61, a price-to-earnings-growth ratio of 3.64 and a beta of 1.89. Halliburton has a 1 year low of $27.26 and a 1 year high of $41.56.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.02). The firm had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.83 billion. Halliburton had a return on equity of 28.33% and a net margin of 11.04%. The firm’s revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.79 EPS. Equities research analysts expect that Halliburton will post 3.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on HAL shares. Royal Bank of Canada lowered shares of Halliburton from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from $44.00 to $37.00 in a report on Friday, September 13th. Benchmark reiterated a “buy” rating and set a $40.00 price target on shares of Halliburton in a report on Friday, November 8th. Evercore ISI decreased their price objective on Halliburton from $52.00 to $48.00 and set an “outperform” rating for the company in a report on Monday, July 22nd. Raymond James cut their target price on Halliburton from $41.00 to $37.00 and set a “strong-buy” rating on the stock in a report on Friday, November 8th. Finally, Bank of America decreased their price target on Halliburton from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Four equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $40.74.

Halliburton Company Profile

Halliburton Company provides products and services to the energy industry worldwide. It operates through two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems.